In the West, China is currently seen as an important driving force behind the global economic recovery after the Corona crisis. But can it continue to fulfil this role – or is “the future of globalisation with China at stake”, according to the European Chamber of Commerce in China? The background to this apprehensive question is the “new economic model” that state and party leader Xi Jinping announced in May 2020, the ‘Dual Circulation Strategy’, DCS.
CONTENT: Posts: Power struggles in Kazakhstan: Putting out the fuse / Military coup in Myanmar 1: Triple Catch-22 for Beijing / The „Digital Silk Road“ in Central Asia (Guest post) // News: China’s Foreign Minister as a fire fighter / Military coup in Myanmar 2: Foreign investments // Reviews: ‚Less brown’: Two reports on Green BRI Investment.
One year after the coup in Myanmar, the brutality of the military regime is growing, but so is armed resistance. And civilian protests are also still going on. For Beijing, the situation is becoming increasingly uncomfortable: comments and assessments on the anniversary show that the Gordian knot has, if anything, become even more tangled.
In 2015, the People’s Republic of China proposed the so-called “Digital Silk Road” initiative (DSR) in 2015. The scale of Chinese investment is testament to the government’s immense interest in the project. According to data gathered by the International Institute of Strategic Studies, China is currently participating in digital infrastructure projects in around 80 countries, and has already invested some 79 billion US dollars in DSR schemes worldwide.
The situation in Kazakhstan these days is rather obscure: Popular discontent and/or prelude to a ‘colour revolution’ and/or “foreign terrorists” and/or internal coup and/or ….? One thing, however, is clear: After Myanmar, Kyrgyzstan and other countries, they show once again how vulnerable China is. And the fossil economy plays a key role: Oil and gas remain explosive.
CONTENTS: Posts: ‘Dual Circulation Strategy’: China’s „new development model“ / Numbers mystique at ChinAfrica Forum // News: Europe’ response to Belt&Road: ‘Global Gateway’ / 20th Anniversary of China’s accession to the World Trade Organisation / Debt debate: Highway to Disinformation? / Frigate ‚Bayern’ demonstrates to Beijing where the hammer is hanging // Readings: Changes in Beijing’s economic involvement: Adaptation and Agency.
If the ‘8th Forum on China Africa Cooperation’ at the end of November was an indicator of the intensified competition between the United States, Europe and China for Africa, Beijing kept a fairly low profile. The limited media attention given to the meeting, which was scheduled only at the ministerial level, gives the impression that most observers wanted to quickly and graciously spread the cloak of silence over FOCAC8 and its results.
With the ‘Dual Circulation Strategy’ (DCS), the government in Beijing has once again thrown a stone into the water to test the effects of the announcement. However, after a few critical articles, the international discussion has remained surprisingly quiet. Yet the deliberations could have far-reaching implications for further globalization and China’s leading role in it.
CONTENTS: Posts: Beijing reports boom in foreign trade / Konflikte um das Südchinesische Meer // News: Courting the Bride Africa / Under Observation by the Regional Rival / Kämpfe entlang der Seidenstraßen / Webinar: China and the World // Reviews: Patrick Bond, China’s Role in Africa’s Development / Zeitschrift ‘Wissenschaft und Frieden’: Chinas Welt? – Konflikte und Kooperation.
China’s authorities report soaring foreign trade figures, despite of the on-going Corona pandemic. A further shift towards the BRI countries is emerging, a trend that plays into the narrative of the ‘Dual Circulation Strategy’ announced this summer. This “new development model” intends, on the one hand, to further enhance the internal economy, while ‘external circulation’ refers to further integration into the global economy through foreign trade and investments.